How the Fed’s Magic Money Machine Will Turn $454 Billion Into $4 Trillion

The central bank takes Treasury Department loan guarantees and uses them to stand up huge programs. Here’s how that works. [Source]

Origin: nytimes.com

Category: United States Economy

Topics: works, Here’s, programs, stand, guarantees, Department, Treasury, takes, central, Trillion, Billion, Machine, Money, Magic, Fed’s

Source: https://www.nytimes.com/2020/03/26/business/economy/fed-coronavirus-stimulus.html